Brian K. Mccarthy Sells 12,500 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Key Points

• Rubrik, Inc.'s CRO, Brian K. Mccarthy, sold 12,500 shares of the company's stock for $1,091,125, decreasing his total ownership to 418,552 shares valued at approximately $36.5 million.
• The company's stock price rose 5.7% to $92.67, with a market capitalization of $17.93 billion and a recent revenue bump of 48.7% year-over-year.
• Analysts have mixed reviews on Rubrik, with target price adjustments ranging from $72.00 to $125.00, and an overall average rating of "Moderate Buy."

Rubrik, Inc. (NYSE:RBRK - Get Free Report) CRO Brian K. Mccarthy sold 12,500 shares of Rubrik stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total transaction of $1,091,125.00. Following the transaction, the executive directly owned 418,552 shares in the company, valued at $36,535,404.08. The trade was a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Rubrik Stock Performance

Shares of NYSE RBRK traded down $1.97 during trading hours on Friday, reaching $87.77. 839,625 shares of the stock were exchanged, compared to its average volume of 3,045,133. Rubrik, Inc. has a 52 week low of $29.18 and a 52 week high of $103.00. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of -31.09 and a beta of 0.45. The stock's fifty day simple moving average is $89.65 and its 200 day simple moving average is $77.02.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.17. The company had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. During the same period last year, the company posted ($1.58) earnings per share. The business's revenue for the quarter was up 48.7% compared to the same quarter last year. Research analysts predict that Rubrik, Inc. will post -7.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Rubrik

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi boosted its stake in Rubrik by 0.7% in the first quarter. Amundi now owns 37,116 shares of the company's stock valued at $2,132,000 after buying an additional 262 shares in the last quarter. Allworth Financial LP boosted its position in Rubrik by 1,030.8% in the second quarter. Allworth Financial LP now owns 294 shares of the company's stock valued at $26,000 after buying an additional 268 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Rubrik during the second quarter worth $27,000. NewEdge Advisors LLC increased its holdings in shares of Rubrik by 31.6% during the first quarter. NewEdge Advisors LLC now owns 1,250 shares of the company's stock worth $76,000 after buying an additional 300 shares in the last quarter. Finally, Beacon Capital Management LLC acquired a new position in shares of Rubrik during the second quarter worth $29,000. 49.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on RBRK. Oppenheimer reiterated a "market perform" rating on shares of Rubrik in a report on Friday, June 6th. Rosenblatt Securities raised their target price on shares of Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wall Street Zen raised shares of Rubrik from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Truist Financial increased their price objective on shares of Rubrik from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Finally, Wedbush boosted their price objective on shares of Rubrik from $80.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.38.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.